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Lease or SellAstro Company owns equipment with a cost of $365,200 and accumulated...

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Accounting

Lease or SellAstro Company owns equipment with a cost of $365,200 and
accumulated depreciation of $55,900 that can be sold for $276,900,
less a 3% sales commission. Alternatively, Astro Company can lease
the equipment for three years for a total of $285,900, at the end
of which there is no residual value. In addition, the repair,
insurance, and property tax expense that would be incurred by Astro
Company on the equipment would total $16,700 over the three year
lease.a.Prepare adifferential
analysison August 7 as to whether Astro Company should lease
(Alternative 1) or sell (Alternative 2) the equipment. If required,
use a minus sign to indicate a loss.b.Should Astro Company lease (Alternative
1) or sell (Alternative 2) the equipment?

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